Looking at the revolutionary innovation and value reshaping of social products from Farcaster

Author: FangKuai.eth  Source: X, @BitPastor

Friend @0xLuo should be one of the very few people in the Chinese area who has received nearly 10,000 U (now worth 20,000 U) airdrop from Farcaster, and is also the holder of OG NFT

We communicated a lot today, and here I will record some of my feelings and predictions about Farcaster

1/Why has Farcaster become popular again recently?

It must be said that Farcaster’s emergence from the circle was supported by both internal and external factors. In terms of internal factors, the emergence of the frame function has unprecedentedly improved playability. Farcaster is completely Getting rid of the negative imitation of Twitter, which is a Web2 product, it can be said that for the first time on the Web3 chain, an almost smooth and smooth experience that surpasses Web2 has been achieved, which has been widely praised by developers

In terms of external factors, starting from Farcaster’s first meme airdrop, Points, the wealth effect began to gradually appear, and then wowowo, farts, spam, degen, frame and other airdrops were born one after another, especially degen. The current market value has exceeded 100 million U.S. dollars, making it a phenomenon-level airdrop. The wealth effect of airdrops drives more users to join.

2/What are the advantages of Farcaster compared to protocols such as Lens?

Here again I quote my friend @0xLuo’s comment: “No one wants to socialize with idiots.” Obviously, the hair-raising culture of Lens greatly damaged the content ecology of the platform in the early days.

But in Farcaster, thanks to the early "Puritan-style elitism", users are manually invited one-on-one through the founder dwr (dwr will even carefully check the The inviter's Twitter statement), the community is very disgusted with content related to "trading" and "making money", and most of them are project executives, artists and developers, which allows the community content to maintain a healthy status for a long time.

3/Is it possible that Farcaster itself has airdrops? How to get points?

Farcaster is a protocol similar to Nostr or Mastodon. The probability of issuing tokens is extremely low. There is no content about token economics in the official documents. Before All airdrops are released by users in the form of memes.

In addition, many people think that the so-called points "warps" may be linked to airdrops, which is also very unlikely. The warps themselves can be understood as the Farcaster client. A stable currency of warpcast, 1U=100warps, can be purchased directly to pay gas or reward.

4/How can I increase the probability of receiving other airdrops on Farcaster?

Farcaster will issue purple medals to users who have more than 400 followers and remain active for a long time, which may be one of the basis for other airdrops.

But it should be noted that judging from the previous issuance standards, this standard has not been adopted for airdrops. For example, for the most successful degen, the airdrop standard has nothing to do with active medals, but requires /degen Post in the channel.

5/Some inspirations brought by Farcaster

· For a new social network The product, the cohesiveness of the top 100 real users, and whether users are able to build new, strong real social relationships on the product are more effective than data.

· Every influential social product satisfies certain fundamental aspects of human nature, such as:

-Farcaster: Self-certification of unique identity

-Friend tech: The need to create and display wealth

-DeBox: The sense of security in the community

6/Is Farcaster the same as friend tech? "One wave"

Obviously Farcaster and friend tech are completely two development paths. Farcaster is product-oriented and seeks to subvert Web2 such as Twitter in terms of products. and substitution, while friend tech is exploring new ways of asset issuance. There is no doubt that Farcaster will be very little affected by changes in asset price factors. For example, it is impossible for Vitalik to reduce the frequency of updates on Farcaster because of the decline in the price of earth dogs.

Finally, although friend tech is temporarily sluggish, the social track is actually booming like the early days of defi summer, whether it is the major updates made by Farcaster or the new The emergence of products such as TURNUP and Fantasy all hint that a bigger wave may have just begun.